VIXBearish short day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and failed its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.

GOLDSpinning top day (possible bullish harami). Midpoint below EMA(10). Tested and held its 38.2% retrace (1714.40). Still below SMA(21,55,89). No daily 3LB changes (reversal is 1639.80). Must have the precious.

DXYSpinning top day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (78.16). Holding above all SMA's. New high on daily 3LB (reversal is 77.26). Not confirming the monthly 3LB reversal up…yet.

VIXBullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.

GOLDBearish long day. Midpoint below EMA(10). Tested and held its 38.2% retrace (1714.40). Back below SMA(21,55,89). No daily 3LB changes (reversal is 1639.80). Must have the precious.

You would think that LQD should be screaming higher with the weakness in the market. Unless IG is not so IG. Need to keep an eye on this. It's below its weekly 3LB mid (and very close to the reversal). It's testing its SMA(13).

The TED Spread has taken off like a rocket. Considering the US rates are at/near zero and the EU is coming unglued then this is expected. It's above its 38.2% minor retrace and the high from June 2010.

DXYSpinning top day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (78.16). Holding above all SMA's. New high on daily 3LB (reversal is 76.03). Not confirming the monthly 3LB reversal up…yet.

VIXBullish short day (sellers were rejected). Midpoint above EMA(10). Tested and held SMA(89). Holding above its 50.0% retrace (29.84). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.

GOLDBearish short day. Midpoint above EMA(10). Failing its 61.8% minor retrace (1792.10). Still above all SMA's. No daily 3LB changes (reversal is 1639.80). Must have the precious.

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind.The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind.The authors may or may not trade in the markets discussed.The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.

Fictional Character Quote of the Day:

I guess it comes down to a simple choice. Get busy living or get busy dying.

- Andy Dufresne

"The Shawshank Redemption"

About this Blog

This Blog's primary focus is on trading based upon technical analysis. It is run by "AmenRa" and "AndyT," quasi-anonymous traders who employ technical analysis to assess market conditions and trading opportunities. AmenRa utilizes 3LB techniques, Moving Averages and Fibonacci sequences. AndyT's analysis relies primarily on "Wave Theory" and Fibonacci sequences. The Comments Section is uncensored and open to the public. Please try and adhere to the "Blogger Policy."